Katten Assists Bitnomial in Pioneering U.S. Crypto Futures Market Launch

Katten Assists Bitnomial in Launching First Listed Leveraged Spot Crypto Product in the U.S.

On December 4, 2025, Chicago's Katten law firm made headlines by representing Bitnomial Exchange in a groundbreaking initiative—the launch of the first-ever listed leveraged spot cryptocurrency product in the United States. This development is a major milestone in the rapidly evolving landscape of digital assets and reflects Bitnomial's continued commitment to establishing regulated trading pathways for cryptocurrencies.

The new product allows market participants to access exchange-traded cryptocurrency with the advantages of centralized execution, thorough clearing, and robust risk management systems. Unlike previous offerings, this innovative product is a significant step toward expanding legal and regulated avenues for crypto trading in the U.S., making it easier for investors to navigate the complexities of the digital asset market.

Katten's advisory team, led by Financial Markets Litigation and Enforcement Partner Matthew F. Kluchenek and Associate Alexander C. Kim, navigated a myriad of regulatory frameworks, operational considerations, and market structure challenges to facilitate the introduction of this unprecedented product on a Commodity Futures Trading Commission (CFTC)-regulated exchange.

Partner Matthew Kluchenek expressed pride in supporting Bitnomial, highlighting the leadership of CFTC Acting Chairman Caroline Pham, whose innovative vision was pivotal in bringing this project to fruition. He emphasized that the product's sophisticated design and market infrastructure embody a refined approach to risk management and compliance within this new asset class.

This advisory work follows Katten's earlier significant contribution to the crypto landscape—guiding Bitnomial on the launch of crypto perpetual futures, thus underscoring the firm's preeminent position in financial services. The depth of Katten's expertise comes from its diverse team of seasoned attorneys, many of whom are respected leaders in financial markets and regulatory compliance, including former officials from regulatory bodies like the CFTC, Securities and Exchange Commission (SEC), and the Department of Justice (DOJ).

Since cryptocurrency's inception, Katten has consistently offered cutting-edge legal insight and guidance on digital assets and blockchain technologies, establishing itself as a thought leader in this niche. The firm has been recognized in various sectors, including the Blockchain and Cryptocurrencies categories of the latest Chambers FinTech guide, and its attorneys contribute extensively to industry publications, such as the “Derivatives Global 2025” guide by Chambers and Partners.

Katten is a full-service law firm employing nearly 650 attorneys across the United States, with additional offices in major cities like London and Shanghai. It provides high-value legal services to a wide client base, including both public and private companies, as well as governmental and nonprofit organizations.

With its notable accomplishments and ongoing commitment to supporting innovation in the cryptocurrency landscape, Katten stands at the forefront of developments in this dynamic sector. The firm remains dedicated to helping clients navigate the evolving regulatory environment while maximizing their opportunities in the digital asset space. For more information about Katten and its range of services, visit katten.com.